Deposits

Deposits

Term Deposit

If you have a certain amount of money that you do not need for a particular period we recommend you to open a Term Deposit and get a high interest rate. You can choose the term of the deposit and the period to get the interest rate. Please note that you cannot withdraw or add any amount to the deposit. If you decide to cancel your deposit earlier than its maturity date, decreased interest rates will apply.

Please be informed, that as of 1 January 2018, in accordance with the Law of Georgia on Deposit Insurance System, all sums existed at all accounts of natural persons, regardless number of accounts, are insured for each bank and are compensated by the Deposit Insurance Agency up to the 5,000 GEL; the remainder shall be compensated as provided under the effective legislation of Georgia.

For more information on deposit insurance system, see web site of LEPL Deposit Insurance Agency: www.diagency.ge

Demand Deposit

Demand Deposit gives you free and unlimited access to your deposited funds. You can withdraw or add any amount to your deposit account anytime and still get a high interest. It is calculated based on a balance on the account at the end of each day and is accrued monthly.

* Effective interest rate is calculated based on following example: the customer deposits 5,000 units when the deposit is opened. S/he adds 1,000 units to the account on the first day of each month. Effective interest rate changes according to the amount and maturity date of the deposit.

Starting from January 1, 2018 the Bank joined Deposit Insurance System which has been formed in accordance to the Law of Georgia “On Deposit Insurance System”. Any Individual will be reimbursed with up to 5,000 GEL by Deposit Insurance Agency regardless the amount on their deposit/current account at any commercial bank. The remaining amount will be reimbursed in accordance with acting legislation.

12/17/2018
For the third year in a row PASHA Bank congratulates its partners and employees on New Year with a CSR “green” activity. This time the Bank has planted 2019 Georgian Oak (Quercus Iberica) and Imeretian Oak (Quercus Imeretina) trees, the latter of which is in the Red List of threatened species of plants. Read more